Economics

The world's banks are under siege. Cryptocurrencies threaten to undermine banking altogether. Banks' lending activities are attracting ever less interest thanks to central bank policies, and now negative rates are on the cards. Governments are borrowing ever more money, expecting banks to buy their bonds. And COVID-19 has unleashed

Next month, the Victorian parliament will enact the 'Change or Suppression (Conversion) Practices Bill 2020', which was drafted to protect Victorians from the 'injury' it alleges is inevitable in…

The latest jobs data has surpised economists with greater improvements than predicted. Let's take a look at the December 2020 labour report.

Economists say boosting workers' hours following months of a part-time led recovery is crucial, as the economy readies for the end of JobKeeper.

Australia's unemployment rate has fallen to 6.6 per cent after the economy gained 50,000 new jobs in December.

Trump claimed credit for things he didn't do and twisted his record.

JobKeeper rules must be changed to allow eligible businesses to subsidise the wages of new employees, a leading small business advocate has said.

On 10 December 2020, the Australian Senate established an inquiry into the proposed bargaining code between media organisations and digital platforms. The Conversation made this submission.

Global Polycystic Ovarian Syndrome (PCOS) Therapeutics Market (2020) to Witness Huge Growth by 2026 | Bristol Myers Squibb, Crinetics Pharmaceuticals, Inc., EffRx  Splash Radio Wales

Via Goldman on the US dollar: USD: Risks to bearish consensus in focus.The Biden transition team hasannounced plans for a $1.9tr fiscal stimulus, more than our economists hadexpected. Although they do not expect the full amount to become law, theyraised their stimulus assumptions on the news (to $1.1tr from $750bn) andhaveupgraded their US GDP forecasts. The post What could reverse the Australian dollar's bull run?…

Via Societe Generale: After a tumultuous first year, it looks like president Lagarde's ECB is gradually finding its feet and defining its new modus operandi. Wisely, we believe the ECB will now be less sensitive to market pressure and inflation expectations, calling increasingly on fiscal policy to be engaged in determining future inflation.This also reflects The post What to expect from the ECB in 2021 appeared…

Having squirrelled away savings for an averted economic crisis, Treasury is counting on Australians to dip into their rainy day funds.

I was dreamin' when I wrote this, forgive me if it goes astray, but when I woke up this morning I could have sworn it was a princely day. The money indictors were green. There were doomsdayers runnin' everywhere trying to run from destruction, but mind says to invest and I'm going to follow that.

The US economy that President-elect Joe Biden is set to inherit on January 20 is in a deep hole, with a recovery that is stalling, a pandemic that is raging and more Americans out of work than what he faced as vice president during the GFC.

At the AFR comes thankfully the last column by registered agent of foreign influence and Chinese coal director Geoff Raby: The holiday period is a good time to catch up on both sleep and reading. One of the previous year's most important books, which inexplicably has received scant attention, is Tom Orlik's China: The Bubble The post Geoff Raby departs with undying love for China appeared first on MacroBusiness.

I guess like me you've been more than a little shocked at the Republican "insurrection" in the United States. But for me it has been a double shock. Not only am I shocked, but I'm shocked that I'm…

India is currently witnessing one of the world's largest planned strikes in human history.

Via the ABC's number one CCP sympathiser, Stan Grant: This week's insurrection in Washington has been shocking but not at all surprising. It's part of a long deep unravelling of America. The angry mobs storming the Capitol building reflect a broken country where tens of millions of people have traded the American dream for American The post ABC loons delight in "American carnage" appeared first on MacroBusiness.

The major brokerage has predicted a strong, busy year for the property market in 2021 but noted that a price "cliff" might not come to fruition. Loan Market executive chairman Sam White observed

The US President's dangerous delusions and his crazed followers should remind us that America has always teetered on the edge of collapse, writes Stan Grant.